22 Oxford Street, Blackwell, Alfreton, Derbyshire DE55 5JT

Description

A semi detached, two bedroomed property benefitting from driveway and substantial L-shaped rear garden, having scope to reconfigure the first floor into a three bedroomed property (subject to building regulations) and offered with vacant possession upon completion.

Accommodation

Entrance Hall; Reception Room One - 9ft 5" x 13ft 3"; Reception Room Two - 11ft 7" x 18ft 4"; Fitted Kitchen with access to garden – 9ft 5” x 16ft 8”; First Floor Landing; Bedroom One – 13ft 10” x 11ft 8”; Bedroom Two – 13ft 2” x 9ft 6”; Bathroom – 7ft 6” x 10ft 1” (scope to reconfigure into a bedroom); WC – 3ft 7” x 7ft 9” (scope to reconfigure into a bathroom)

Location

Well-positioned within the popular Derbyshire village of Blackwell, 22 Oxford Street offers excellent potential for buyers seeking a property with strong local and regional connectivity. The property is conveniently located for Alfreton, Sutton-in-Ashfield and Chesterfield, with the A38 and wider motorway network providing straightforward access towards Derby, Nottingham and the M1. Alfreton railway station is also within easy reach offering further transport connections. Blackwell provides a range of local amenities and a well-established residential community, while the surrounding Derbyshire countryside adds further appeal.

Tenure / Property Information

Investment Analysis

The strongest supplied evidence is the completed sale of the nearby semi-detached 24 Oxford Street at £93,000 in July 2021. The same-address sale history for 14 Oxford Street was £75,000 in 2010 and £26,250 in 2003. A base GDV of £93,000 is therefore used, with £75,000 as a lower evidence-supported scenario. No more recent or higher comparable evidence is supplied, so the high scenario cannot be supported above £93,000. The property has potential to reconfigure the first floor from two bedrooms into three, subject to building regulations, but no works cost or current-condition evidence is provided.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional value-add or resale opportunity after confirming tenure, legal pack, condition, refurbishment costs and building-regulation feasibility. Do not underwrite BTL without local rental evidence.

Works Required

Investigate the proposed first-floor reconfiguration of the bathroom and WC into an additional bedroom and bathroom, subject to building regulations. No other works are specified and no condition-based refurbishment allowance can be supported from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £30,000 guide plus the known £1,500 buyer fee, the indicative pre-finance cost is £31,500 before works and any additional special-condition fees. A 75% refinance against the £93,000 base GDV would be £69,750, but the apparent cash release is not reliable because refurbishment costs, finance costs, taxes and other acquisition costs are unknown.

Buy-to-Let Analysis

BTL viability cannot be quantified because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The guide price is low relative to the 2021 nearby sale, but the lack of rent, condition, EPC, council tax and operating-cost evidence prevents a reliable yield assessment.

Flip Analysis

The supplied evidence supports a £93,000 base resale value and a £75,000 lower scenario. A flip surplus cannot be calculated reliably because refurbishment costs, selling costs, finance costs, taxes and any additional auction fees are not supplied. The 2021 comparable may not reflect current market value.

Investor Risks & Due Diligence

• The comparable evidence is limited and the strongest comparable completed in July 2021 may not represent current value.

• No refurbishment or condition survey evidence is supplied, so total project cost is unknown.

• The proposed third-bedroom and bathroom reconfiguration is subject to building regulations and has no confirmed feasibility or cost.

• No sufficiently specific rental evidence is supplied, preventing reliable rent and yield analysis.

• Tenure, EPC, council tax and heating details are not supplied.

• Additional fees may be listed in the Special Conditions of Sale.

• Finance costs, taxes and resale costs are not supplied and are excluded from the indicative calculations.

Recommendation

Proceed only as a conditional value-add or resale opportunity after confirming tenure, legal pack, condition, refurbishment costs and building-regulation feasibility. Do not underwrite BTL without local rental evidence.

Strategy Rating

Analysis Confidence

A nearby completed sale and historic same-street sales are available, together with the guide price and buyer fee, but current condition, works costs, rent, tenure, EPC, taxes, finance and additional fees are absent.